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You are assisting an attorney of the closing of a loan made by a federally insured savings and loan association to facilitate the purchase of

You are assisting an attorney of the closing of a loan made by a federally insured savings and loan association to facilitate the purchase of a home. The loan is closing on October 15. The first payment under the loan will be due on December 1. The real estate taxes on the home for the current year were due and payable on September 1. They have been paid in the amount of $1,800. If the lender requests that you escrow taxes under its loan, how much money do you need to collect for the escrow at the closing of October 15?

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